Audi CEO Stadler: "We Plan to Continue Our Growth in 2016"

Financial year2015:revenue ofEUR58billion,operatingprofit of more thanEUR4.8billion,operatingreturnonsales of 8.3percent

Before special items: operatingprofit ofEUR5.1billionandoperatingreturnonsales of8.8percent

AudiCEORupertStadler:"This year, we will invest more thanEUR3billionand push forward with electrificationanddigitization"

The AudiGroupplans to launchmore than 20new orrevised modelsand to continue its growth in 2016.Despite major challenges, the Ingolstadt-based company performed successfully last yearandset a new record for unit sales:Worldwide deliveries increased compared with 2014 by 3.6percentto 1,803,246automobiles. As a result of the strong demand, the companyachieved a new record also for revenue,posting a figure ofEUR58.4billion.Operatingprofitamounted toEUR4.8billion and operatingprofit beforespecialitems ofEUR5.1billionwas at the high level of the previous year.Before the worldwide rolloutofimportant models like the newAudiA4,theoperatingreturn on salesamounted to 8.3percentdespite the challenging conditions,andwas thus within the strategic target corridor ofeighttotenpercent;before special items it was 8.8percent.

This year, Audi will maintain the high speed of its product initiative. With the new Audi Q2 for example, the company intends to conquer a new market segment and continue the success story of the Q family. At the same time, Audi is developing the key areas of electrification and digitization. Investment of more than EUR3 billion is planned in 2016. In Mexico, a completely new and ultramodern automobile plant will be opened. In addition, more than 1,200 experts in strategic areas for the future are to be recruited in Germany.

During the Annual Press Conference held at the company's headquarters in Ingolstadt, Rupert Stadler, Chairman of the Board of Management of AUDI AG, stated, "We successfully mastered a year of challenges. We will now invest in 2016 alone more than EUR3 billion for the mobility of tomorrow, and we will push forward with the electrification and digitization of our products."

Primarily due to the high level of demand, the Audi Group set a new record also for revenue: Compared with 2014, revenue grew by 8.6 percent to EUR58,420 million (2014: EUR53,787 million).

Despite high expenditure for the expansion of the international production structure and for new models and technologies, operating profit was at the high prior-year level. In 2015, the Audi Group achieved an operating profit after special items of EUR4,836 million. Adjusted for special items, operating profit amounted to EUR5,134 million, and was thus at the prior-year level (2014: EUR5,150 million). This represents an operating return on sales of 8.8 percent (2014: 9.6 percent). Also after special items, the operating return on sales of 8.3 percent was within the strategic target corridor of eight to ten percent.

The special items are mainly related to the diesel issue with the six-cylinder TDI engines. They include financial expenses for technical measures, legal risks and sales activities. CEO Stadler stated at the event: "We regret what happened. We will ensure full transparency and assure you that we will put things right." Due to a valid agreement with Volkswagen AG, the affected four-cylinder TDI engines have no direct impact on the profitability of the Audi Group.

In 2016, the Audi Group plans to continue its worldwide growth and - assuming stable external conditions - anticipates a moderate increase in the number of cars delivered to customers. Along with the volume growth, ongoing process and cost optimizations should have a positive impact on the company's financial metrics. High advance expenditure for the future - such as for pioneering technologies and the renewal and expansion of the product range - will at first affect earnings negatively. The high number of planned product ramp-ups and market launches and the expansion of the production network will have the same effect. Nonetheless, the Audi Group aims to achieve an operating return on sales within the strategic target corridor of eight to ten percent also in financial year 2016.